United Western Bancorp Inc (fka UWBKQ)

[fredscott36]

"Parties to a federal civil suit may consent to dismiss the case pursuant to a settlement agreement.' Because settlement is an option available until final judgment is entered, it may occur while an appeal is pending.

When it does, the parties to the case often decide to condition settlement on vacatur of the lower court judgment. Vacatur has the effect of "voiding" a judgment. Parties to a settlement agreement seek vacatur for several reasons."